3415 Mission Blvd. – Beach Area Mixed Use

3415 Mission Blvd. – Beach Area Mixed Use

Hotel / Motel For Sale
Price:$1,495,000
Building Size:2,800 SF
Price/SF:$533.93
Property Type:Hotel & Motel
Property Sub-type:Economy/ Limited Service
Additional Sub-types:Street RetailGarden/Low-Rise
Property Use Type:Investment
Cap Rate:5.20%
Occupancy:100%
No. Stories:2
Tenancy:Multiple
Year Built:1955
Lot Size:0.04 AC

Local Map

Highlights
FULLY LEASED!Flexibility for Summer Vacation Rental!Upside Potential!
Description
SELLER FINANCING AVAILABLE!

**Square footage is approximate. Mission Beach Mixed Use building with street level Retail (approx. 1,000sf) and 2nd floor residential units. (2) One Bedroom One Bath units (approx. 450sf each) and (1) Two Bedroom One Bath unit (approx. 900sf). Each residential unit has a dedicated one car garage below unit. Currently 100% occupied with flexibility for vacation rentals in the prime summer months. Great income property in Prime Location!
Cap Rate is Pro Forma based on Owner Occupying one of the units for several weeks a year. Actual Cap Rate including 15% vacancy factor will be around +/-5.2%.

On Mission Blvd in the heart of Mission Beach. Bay on one side, Ocean on the other, making this an ideal place for both Retail and Residential Tenants!!